Tag Archives: lawsuit lenders
Loan Sharks Prey on the Injured
Posted on 11. Feb, 2011 by admin in Blog
You’ve seen the commercials on television, offering to advance you money on your personal injury claim. What they don’t tell you is that the interest rate can exceed 100% per year. Sadly, this industry is almost entirely unregulated.
Injured people often have lost time from work and have unpaid medical bills. They mistakenly believe that the “lawsuit lenders” offer a way out from financial pressures. However, according to a recent New York Times article, borrowing $5,000.00 can result in a debt of nearly $19,000.00 in just three years. That shows how predatory these companies can be. For more information, click here Click Here to Read the NY Times Story
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